Liabilities of incoming and outgoing partner

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asked Jul 13, 2021 71.7k views

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Thomas Dufour · Answer 1 · 2021-07-18T10:07:16+0000

A person who is admitted as a partner into an existing firm other than a limited partnership or incorporated limited partnership does not by that admission alone become liable for anything done before the person became a partner.

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Liabilities of incoming and outgoing partner

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